Wah Seong In Jv To Build Coating Plant In Qatar New Straits Times Kuala lumpur: wah seong corp bhd subsidiary wasco energy ltd (wel) and qatar petroleum (qp) have signed a memorandum of understanding (mou) today to set up an anti corrosion and concrete weight coating plant in qatar to support the kingdom’s tawteen program. Times after the signing of the jv agreement in qatar yesterday. on feb 18, wah seong’s subsidiary, wasco energy ltd (wel), and qatar petroleum (qp) signed an mou to set up a facility for anti corrosion and concrete weight coating in qatar, in support of qp’s tawteen program.
Wah Seong Buys Finland Steel Pipe Coating Plant For Rm70m Kuala lumpur: wah seong corp bhd subsidiary wasco energy ltd (wel) and qatar petroleum (qp) have signed a memorandum of understanding (mou) today to set up an anti corrosion and concrete weight coating plant in qatar to support the kingdom’s tawteen program. To tap into this opportunity, it noted that wah seong has established a new pipe coating plant in qatar and has already secured significant contracts, including the north field production sustainability (nfps) project and the north field expansion (nfxp) project. Wasco coatings middle east qfz llc and qatar free zone authority signed a land lease agreement for the establishment of its largest regional pipe coating facility. We believe that the new company will have an advantage in capturing coating work and associated logistics of these pipelines. the new company is required to build three pipe coating plants with a cost of us$50 million (rm209.5 million). this is expected to be funded by 70% debt and 30% equity.
Wah Seong Welspun Jv To Expand Pipe Business In India Wasco coatings middle east qfz llc and qatar free zone authority signed a land lease agreement for the establishment of its largest regional pipe coating facility. We believe that the new company will have an advantage in capturing coating work and associated logistics of these pipelines. the new company is required to build three pipe coating plants with a cost of us$50 million (rm209.5 million). this is expected to be funded by 70% debt and 30% equity. Wah seong via its wholly owned subsidiary wasco coatings ltd, announced that it has entered into a shareholders agreement with medgulf construction company to setup a jv company (60% wah seong; 40% medgulf) for the purpose of combining their expertise in the provision of anti corrosion and concrete weight coating pipelines to the oil & gas. The next phase of wasco’s commitment to qatar energy’s tawteen in country value initiative is the construction and commissioning of an anti corrosion coating plant, which is planned to be operational by the third quarter of 2023. Malah, syarikat usaha sama (jv) antara wasco coatings ltd (wcl) dan medgulf construction co wll yang berpangkalan di qatar, ditubuhkan pada oktober tahun ini untuk menubuhkan loji salutan berat anti karat dan konkrit di qatar untuk menyokong program tawteen kerajaan. Wah seong corporation bhd: * unit entered agreement with medgulf construction co for provision of anti corrosion and concrete weight coating of pipelines.
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